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20121121
20121129
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CNBC 8
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CNBC
Nov 21, 2012 7:00pm EST
. bankruptcy. >> that's right. there's no question as taxpayer bailout coming here. look, the government, obama administration just loves sub prime mortgages. this whole enterprise, this fha, is really a garner to of sub prime mortgages and taxpayers are going to pay big time larry. >> as though we haven't learned anything from $140 billion bailout of fanny and freddy. correct me if i'm wrong, but 40%, roughly, 40% of the loans that they insured just under the last year or two, have been sub prime loans. they haven't learned a thing. >> they haven't learned a thing. or maybe they just don't care. but yes, you're absolutely right. 40% sub prime loans. moreover what it is, is people who have gone through one, sometimes two foreclosures, bankruptcies and have razor thin down payments. for some reason, that i cannot possibly fathom, there is this push to quote unquote demock ra advertise credit. what is wrong with renting? why would someone through two foreclosures be put into a new loan. and what is it going to do for that person? look what happened to minorities with the housing crash. >> is the
CNBC
Nov 27, 2012 2:00pm EST
will meet with members of the obama administration. what are they gonna do? they are going to try to tackle the looming fiscal cliff. so, when it comes to cutting spending, the big questions are where and just how much? ammanoffers is on capitol hill, you have been looking at all the options, lay it out for us. >> so much of the sound and fury in this debate has been over taxes and tax cuts and where that side of equation is gonna go but don't forget, entitlement spending and discretionary and defense spending are going to be a big part of the solution to this. senator dick durbin today suggested that medicare, medicaid and social security ought to be taken off the table for the fiscal cliff covers this year. so where are they going to find these spending cuts? it's going to be kind of painful. take a look at what simpson boles proposes that is sort of the jumping off point for a lot of this debate. they say in the year 2015 going to have $372 billion worth of savings in their plan and start on the defense side, you can see why some of this is going to be so very painful for so many members
CNBC
Nov 26, 2012 2:00pm EST
sec chair during 2009, the transition between the bush and obama administrations. but already people are starting to turn to the legacy here of mary shapiro who took office, as you recall, right in the depths of the financial crisis and right off the fraud by bermy nay do have had been exposed throughout the world with far reaching implications for the sechlt. c and how it governed regulation over financial markets. already folks looking at the legacy of shapiro. s.e.c. pointing out today that they've got a record number of enforcement actions in the past two years. 1,469, to be precise. also huge expanse of dodd-frank rule makings will be part of her legacy here. and response to the flash crash, another item that's going to be long lasting after she leaves this building on december 12 p. exchanges there forced to create an audit trail for the first time. financial historians will be digging through what mary shapiro's done for years to come. speculation that the president will nominate somebody to succeed her at some point after her full -- she succeeds mary shapiro to fill out that
CNBC
Nov 28, 2012 4:00am EST
news, the obama administration declines to name china a currency manipulator. and on the economic front, a report on new home sales topping today's agenda. it's wednesday, november 28th, 2012. "squawk box" begins right now. ♪ here comes santa claus here comes santa claus right down santa claus lane all his reindeers pulling on the reins ♪ >> good morning. i'm becky quick
CNBC
Nov 28, 2012 6:00am EST
. the obama administration saying that china's currency remains significantly undervalued, but the u.s. treasury department is now stopping short of labeling the world's second biggest economy a currency manipulator. the white house is expected now to send the congress a multi-billion-dollar request on the recovery from superstorm sandy. the storm caused an estimated $71 billion in damages in new york and new jersey, and some congressional aides saying the request for funding would likely be at least $11 billion. the move comes as canada gets close to its decision on whether to approve the transaction. the energy companies say discussions with the committee are still in progress, and of course they had to file approval because they have extensive operations in the u.s. gulf of mexico. >>> "the wall street journal" reporting that virtue is emerging as the frontrunner to buy knight capital. they would possibly sell off parts of that business. finally, we can't get away from the story of twinkies. the bakers union of hostess brands wants a bankruptcy judge to appoint a chapter 11 truste
CNBC
Nov 26, 2012 6:00am EST
are meeting again. in a sign of the slow pace, senior administration official said president obama and congressional leaders are not expected to reconvene this week. this is so the staff of both sides can continue to organize and work through the differences. and what is not a surprise at all, mr. obama instead will probably hit the road this week to give speeches. >> xwitner is supposed to be coming up with the details. >> aides said mr. obama will hit the road to mobilize public support. just like the last, same speeches over and over. >> you saw warren buffett this morning. >> some interesting points. he had an alternative minimum tax he had been talking about for the really wealthy. >> 30% or something. >> anybody from 1 to $10 million. also talked a little bit about raising the -- >> same thing he's been saying all along. >> he added that when it comes to who should be paying the higher taxes, he wants the threshold to be $500,000. >> and you see steven rattner on on talking about capital gains, deductions and things you've talked about a lot. >> time for the global markets re
CNBC
Nov 26, 2012 9:00am EST
after the financial crisis in the early days of the obama administration. crucially for the sec, she took office right after the exposure of the bernie madoff scandal. and the sec has been struggling to put the pieces together ever since then. take a look at some of the highlights over at the sec. the sec pointing out this morning that they've had more enforcement actions than ever before in the past two years. 735 actions in 2011 and 734 in 2012. and the sec is now engaged in one of the busiest rule-making periods in decades and pointing out that her response to the frash crash included requiring exchanges to create a consolidated audit trail. this is a pretty well rolled out announcement here today. we saw the leak to the "new york times," then the official announcement and then a few minutes ago, the sec put out an e-mail entitled some of the accomplishments under mary shapiro's tenure. also going to hear from a lot of the critics of the sec. some on the left saying she has not gone far enough. the sec has not gone far enough and some on the right saying that dodd/frank and the re
CNBC
Nov 28, 2012 5:00pm EST
more spending cuts from the administration and from democrats. democrats want republicans to prove more robustly than they have so far that they're willing to raise taxes. >> john, do you think this is a way of obama being able to point to these meetings when he softens his stance on, for instance, higher taxes for the very highest tax rate? maybe not 39 1/2, maybe more like 35, but he can say i met with these experts and they're the reason i'm backing off of that? >> reporter: no, i don't think he would do that. that would not be a good political strategy because wall street the among the most unpopular segments with the american public. and the president's stance right now for raising taxes for people at the top of the income scale is very popular with the public. what he's got to do is convert that into to effective support in congress while also getting people in his own party to agree to cuts in these spending programs, especially the entitlements of medicare and social security which are so explosive in their costs. >> all right, john, thanks a lot for giving us the latest there.
Search Results 0 to 7 of about 8